December 17, 2013
Gold (spot) closed up on Monday and made its intraday high of US$1252.10/ounce a before setting intraday low of US$1227.53/ounce. Gold went up by 0.299% at US$12241.40/ounce.
Trading Strategy: Neutral
Sell below 1250-1264; targeting 1239-1231 and 1224-1211, upside breakage of 1269 will lead to 1286-1294. Buy on dips at 1220-1204 with strict stop loss below 1198 1-hourly closing; targeting 1232-1244 and 1251-1265. Breakage below 1198 will call for 1190-1178.
Silver (spot) closed up on Monday made its intraday high of US$20.29/ounce after setting intraday low of US$19.43/ounce. Silver settled 1.680% up at US$19.97/ounce.
Trading Strategy: Neutral
Sell on Strength at 20.20-20.60 with stop above 20.60; targeting 19.75-19.35 and 19.10-18.70; upside breakout of 20.60 will open the way to 21.05 and 21.55-22.40. Buyers can buy above 19.45-18.90 targeting 19.40-20.40 and 20.60-20.95 with risk below 18.70 hourly closing.
Crude futures (Oct 2013) on Monday made an intra-day high of US$97.67/bbl and made an intraday low of US$96.20/bbl and settled up by 0.818% at US$97.33/bbl on session close.
Trading Strategy: Neutral
Buy above 96.60-95.50, targeting 97.50-98.70 and 99.20-100.20; stop loss below 94.90. Breakage below 94.90 will call for 93.90-93.05. Sell below 97.50-98.60 with risk above 99.20; targeting 95.40-94.05 and 93.20-92.50; upside breakage of 99.20 will lead to 100.20.
EUR/USD on Monday made an intra-day low of US$1.3726/EUR and made an intraday high of US$1.3797/EUR and settled the day up by 0.231% at US$1.3726/EUR on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips in between 1.3705- 1.3660 with risk below 1.3620, targeting 1.3790-1.3830. Sell below 1.3830 targeting 1.3730-1.3660 and 1.3600-1.3550 and stop-loss at 4-hour closing above 1.3830.
GBP/USD on Monday made an intra-day low of US$1.6287/GBP and made an intraday high of US$1.6347/GBP and settled the day up by 0.036% at US$1.6296/ GBP on session close.
Trading Strategy: Neutral
Based on today’s market, Buy above 1.6290-1.6260, targeting 1.6380-1.6470; breakage below 1.6260 may target 1.6200-1.6120.
USD/JPY on Monday an intra-day low of JPY102.63/USD and made an intraday high of JPY 103.28/USD and settled the day 0.251% down at JPY 103.00/USD on session close.
Trading Strategy: Neutral
Based on today’s market, buy on dips around 102.50- 101.50, using a stop loss of below 101.50; targeting 103.90-104.90.
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